Praemo closes $3.5 mln Series A round led by McRock Capital
Praemo, a Kitchener, Ontario-based industrial operations performance solution, has closed a Series A financing, raising $3.5 million. McRock Capital, a Canadian industrial internet-of-things venture capital firm, led the round. Launched in 2017, Praemo is the developer of Razor, an analytics engine that leverages artificial intelligence to predict and prevent disruption in industrial operations. The technology has so far been deployed in the automotive, industrial equipment manufacturing, injection molding, and food and beverage sectors. Led by CEO Michael Martinez, Praemo will use the round's proceeds to broaden its market reach, expand key partnerships, and further build out the Razor platform.
22 August 2019•4 mins read
